Morgan Stanley trades Bright Smart shares amid takeover offer

Morgan Stanley & Co., International plc disclosed substantial dealings in Bright Smart Securities & Commodities Group Limited shares on August 22, 2025, amid a possible mandatory general offer.

The investment bank purchased 44,000 ordinary shares for $528,028 at prices ranging from $11.92 to $12.04, primarily for hedging Delta 1 and equity-related products. Simultaneously, it sold 86,000 shares for $1,028,878 at $11.93 to $12.04, also for hedging purposes.

The transactions were disclosed to the Securities and Futures Commission as Morgan Stanley is a Class (5) associate connected with the offeror.